Cadre Holdings, Inc. (NYSE:CDRE) Stock Rated “Moderate Buy” by Wall Street Brokerages

Cadre Holdings, Inc. (NYSE:CDRE – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.33.

Several brokerages recently commented on CDRE. JPMorgan Chase & Co. dropped their price target on shares of Cadre from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a report on Monday, August 17th. DA Davidson boosted their price objective on shares of Cadre from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. UBS Group set a $43.00 price objective on Cadre in a report on Monday, August 10th. Finally, Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a report on Saturday, August 8th.

Get Our Latest Research Report on Cadre

Insider Buying and Selling

In other Cadre news, CEO Warren Kanders sold 100,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $33.36, for a total transaction of $3,336,000.00. Following the completion of the sale, the chief executive officer directly owned 9,517,039 shares in the company, valued at $317,488,421.04. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 30.10% of the stock is owned by corporate insiders.

Institutional Trading of Cadre

A number of institutional investors have recently modified their holdings of CDRE. Sterling Capital Management LLC increased its position in Cadre by 839.6% during the 3rd quarter. Sterling Capital Management LLC now owns 1,043 shares of the company’s stock worth $26,000 after purchasing an additional 932 shares in the last quarter. KBC Group NV purchased a new position in Cadre in the first quarter valued at approximately $41,000. Assetmark Inc. raised its holdings in Cadre by 34.6% in the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after buying an additional 483 shares during the period. State of Wyoming acquired a new position in Cadre during the second quarter valued at approximately $61,000. Finally, Fortitude Family Office LLC acquired a new position in Cadre during the third quarter valued at approximately $59,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Trading Up 2.1%

Shares of CDRE stock opened at $30.61 on Tuesday. The firm has a market cap of $1.31 billion, a P/E ratio of 36.01, a PEG ratio of 1.01 and a beta of 1.33. Cadre has a 1-year low of $24.07 and a 1-year high of $48.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.14 and a quick ratio of 1.35. The firm’s 50-day simple moving average is $28.22 and its 200-day simple moving average is $32.60.

Cadre (NYSE:CDRE – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Cadre had a net margin of 5.26% and a return on equity of 12.02%. The business had revenue of $207.13 million for the quarter, compared to analysts’ expectations of $178.29 million. As a group, equities analysts forecast that Cadre will post 1.33 EPS for the current year.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 30th. Cadre’s payout ratio is 47.06%.

About Cadre

(Get Free Report)

Cadre Holdings, Inc is a manufacturer and supplier of equipment used by law enforcement, military personnel, first responders and other public-safety professionals. The company develops products designed to protect personnel, support mission readiness and improve operational performance in demanding environments.

Cadre’s product portfolio includes body armor, tactical equipment, duty gear, holsters, helmets, protective apparel, restraints and related accessories. Its brands also provide equipment for explosive-ordnance disposal, emergency rescue and water-safety applications.

Further Reading

Analyst Recommendations for Cadre (NYSE:CDRE)

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